higher degree of openness triggers higher basic research and higher applied research investments in leading sectors. If …

Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no … openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross …

investment share, initial human capital, trade openness, the national income share of natural resource exports and population …

This paper investigates the relationship between trade openness and the size of governments, both theoretically and … empirically. We argue that openness can increase the size of governments through two channels: (1) a terms of trade externality … openness and government size and we explore its determinants. Consistently with the terms of trade externality channel, we show …

government consumption plays a risk-reducing role in economies exposed to a significant amount of external risk. When openness is … is the interaction terms that enter significantly, and the openness term that loses significance (or turns negative). The …

Openness per se requires optimal monetary policy to deviate from the canonical closed-economy principle of domestic … model to include imported inputs of production. Production openness strengthens even further the incentive for the … policymaker to deviate from strict domestic price stability. With both consumption and production openness variations in the world …

trade openness, and we seek support for a causal interpretation of this result in instrumental variable specifications. …

corruption on wealth depends on the economy’s degree of openness using cross-country data. …